China moves toward proper securitisation market

07/27/2009 | International Financing Review Asia

Shanghai is attempting to securitise rental incomes of parks, which would be China's first domestic commercial mortgage-backed securities. The move shows that China is trying to encourage the development of a proper securitisation market. Asset-backed securities, residential mortgage-backed securities and offshore CMBS have already been seen in China, making domestic CMBS not much of a leap.

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International Financing Review Asia

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